Deconstructing the Stimulus Plan

April 2, 2020

On Friday, March 27th Congress and the President signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, an unprecedented stimulus package worth $2T to address the economic impacts of COVID-19. Here are some of the aspects of the plan that might impact you. Read more

How to Protect Yourself and Loved Ones from Financial Fraud

February 4, 2020

Almost every day there is an article in the news about financial fraud. Much of it impacts seniors, like a recent scam involving fraudsters posing as social security representatives. However, we are all at risk, especially if we believe we are too young, too smart and too vigilant to fall for a scam. Sadly, the scam artists are very sophisticated and intelligent too, and are experts at separating people from their money.
That said, much of the financial fraud targets seniors, because our cognitive ability declines as we age and this reduces our ability to handle financial complexity and makes us vulnerable to abuse. Read more

Redwood Grove Wealth Management Joins One Percent for the Planet

January 10, 2020

As part of our certification process as a B Corp last year, Redwood Grove Wealth Management made a commitment to donating one percent of our revenue to charity each year. Historically, we have supported a variety of non-profits focused on causes related to financial literacy and the environment. However, we recently learned about an organization called One Percent for the Planet, that is trying to address the under-allocation of charitable dollars to fight environmental issues. Read more

Looming College Deadlines

October 2, 2019

I’m currently taking a class on college planning, so this topic is top of mind. Additionally, the fall is the time high school seniors apply for colleges and financial aid. As such, it seems a good time to remind people of the various types of deadlines to stay on top of this time of year. Read more

Protecting Yourself in the Era of Cyber Fraud

July 31, 2019

In light of yet another data breach this week (of CapitalOne in case you missed it), it seems a good time to review cyber safety. A client recently brought to my attention a type of identity theft that I had not heard of before. It involves a thief stealing your cell phone number and porting it over to a new phone. They then use the dual authentication via text code to hack into your financial accounts to steal money. Given how pervasive dual authentication is for everything these days, I decided to learn a bit more about this particular type of scam. Read more

Making Good Financial Habits Stick

July 1, 2019

I recently saw James Clear, the best-selling author of Atomic Habits, speak at a conference. The premise of his talk and book is that by making small incremental improvements, we can make big changes in our lives. He offers a well-structured system for getting 1% better every day by improving our daily habits. It occurred to me that his system would work well for creating better financial habits as well. There are four steps to building a successful habit (or ending a bad one): Read more

Financially Savvy Travel Tips

May 2, 2019

With summer just around the corner, many people are in the midst of booking their summer travel plans. If your plans will take you overseas this summer, consider these tips to reduce the financial cost of the trip.

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Are College Admissions Stacked Against Us?

April 2, 2019

Going to college is a rite of passage for many Americans. For many young adults, it’s the first time they live away from their families and take responsibility for their lives. Due to years of above-average price inflation, college has gotten to the point of being unaffordable for many or at least a significant financial commitment. And now we’ve learned that the admissions process at many elite universities has been gamed by wealthy families, further exacerbating the inequality involved in getting a college education. 

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Money and Mindfulness

March 14, 2019

Mindfulness is all the rage in corporate America these days. It is estimated that almost 30% of Fortune 500 companies have a mindfulness program at work. The practice of mindfulness also has implications for your financial life. 

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What Death Can Teach Us About Living

February 8, 2019

I’ve recently attended a couple of events and read Being Mortal by Atul Gawande on the topic of death and dying. Morbid, I know. Interestingly the biggest take away from these events was that death can actually teach us a fair amount about living. However, before I share what death can teach you about living, here are some of the interesting things I learned about the end-of-life phase. Read more